Personal Income includes:

Related MCQs

• Personal Disposable income is:
• Which one of the following includes ‘income of residents’?
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• When individuals income falls (everything remain the same) his demand for an inferior good
• If negative income effect is greater than positive substitution effect : the product will be
• If negative income effect is less than positive substitution effect : the product will be
• If negative income effect is greater than positive substitution effect : price effect will be
• The income effect for a commodity is
• Income consumption curve of an inferior commodity is
• Which method is used by Hicks to eliminate the income effect when price of a product is changed